Murex is proud to announce Bancolombia is live with MX.3 for Hedge Accounting.

IFRS 9 requires banks to assess expected credit losses on loans and receivables, including trade receivables, replacing the previous model based solely on incurred losses by measuring interest rate risks for banking book (IRRBB).

The global travel compensation market is booming. Spurred on by the growth of social media and the rise of airline claims companies, passengers affected by travel disruptions have become increasingly confident in exercising their consumer rights. Whereas in the past, many travellers failed to claim compensation, today airlines lose an estimated $2 billion per month as a result of flight disruptions.

MCO (MyComplianceOffice), a leading provider of compliance technology, continues to deliver on its commitment to helping financial services firms and banks strengthen governance, reduce operational risk and accelerate decision making. The MyComplianceOffice platform has long supported firms with a single system and data set that simplifies compliance management, improves oversight and enables quick response to issues. 

With public sector teams under increasing pressure from more demand, limited resources and disconnected systems, Access PaySuite has unveiled Income Management Evo, its next generation, AI-powered software experience.

iBusiness Funding announced today a new partnership with Business Loan Capital (BLC), a private, non-bank, direct real estate lender. Leveraging iBusiness Funding’s LenderAI solution, BLC can now originate and process bridge loans faster and with greater transparency, enabling them to scale their lending business and originate more loans.

Apiture, a leading provider of digital banking solutions, today announced that 

Insurance leaders are beginning to see artificial intelligence (AI) move from hype to real-world impact, according to a new report from Economist Impact and sponsored by SAS. The research finds that emerging technologies such as generative AI haven't yet transformed the industry, but they are demonstrating gains in productivity.

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, today announced it has extended a $150 million senior secured revolving credit facility to Activehours, Inc. d/b/a EarnIn (“EarnIn”), a leading earnings management company.

Zone & Co, the ERP-native financial operations platform that unifies order-to-cash and procure-to-pay workflows at scale, today announced the launch of direct bank connectivity within ZoneReconcile. The new treasury feature allows finance teams to connect directly to more than 12,000 banks and financial institutions across the U.S., Canada and the European Union, streamlining transaction imports without leaving their ERP environment.